Net Debt is defined as total debt net of total Cash, cash equivalents and restricted cash remaining on the balance sheet as of the end of the most recent fiscal quarter. Make it easy with US Foods CHECK Business Tools. Among the risks He is responsible for guiding all aspects of the Human Resource strategy around organizational development, strategic planning, talent acquisition, employee engagement, leadership development, training and coaching, talent management, employee relations and culture in support of US Foods strategy of Great Food. Total case volume increased 6.3%; independent restaurant case volume increased 13.0%. Join our team. Bill Hancock is Executive Vice President and Chief Supply Chain Officer. Expects to achieve Net Debt to Adjusted EBITDA leverage of 2.5x-3x in 2023. The extra week contributed approximately $8 million to Adjusted EBITDA in 2020. Our workplace safety efforts include using sanitized interview rooms, social distancing, providing masks and gloves and sanitizing truck cab interiors. Need something right away? 1 The Company is not providing a reconciliation of certain forward-looking non-GAAP financial measures, including Adjusted EBITDA and Adjusted Diluted EPS, because the Company is unable to predict with reasonable certainty the financial impact of certain significant items, including restructuring costs and asset impairment charges, share-based compensation expenses, non-cash impacts of LIFO reserve adjustments, losses on extinguishments of debt, business transformation costs, other gains and losses, business acquisition and integration related costs and diluted earnings per share. Prior to joining US Foods, Andrew served as Executive Vice President, Merchandising for retailer Ahold USA, where he led all facets of the companys merchandising operations in the United States. As one of America's leading food distributors, we'll provide everything you need. At Gordon Food Service, customers are at the center of everything we do. Dirk is a graduate of the University of Illinois and is a Certified Public Accountant. They have an app, they make deliveries (sometimes same day) if they stock it at their retail store. ROSEMONT, Ill. & SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Thats what you get when you work with Gordon. With a promise to help its customers Make It, US Foods is one of Americas great food companies and a leading foodservice distributor, partnering with approximately 250,000 restaurants and foodservice operators to help their businesses succeed. Net Debt at the end of fiscal year 2021 was $4.9 billion, a decrease of $57 million versus the end of fiscal 2020. From 2015 to 2018, Dave was President and Chief Executive Officer of Performance Foodservice, the largest segment of Performance Food Group, a U.S. foodservice distribution company. He also provides financial planning leadership and leads the insights and analytics team. But, what separates US Foods apart from other foodservice distributors is its ability to make a positive difference in its people, improve the efficiency of its facilities and fleet and continuously provide innovative, on-trend products. Net income available to common shareholders was $121 million. Visit our updated, Distributor/Logistics Provider of the Year, Food Automation & Manufacturing (FA&M) Conference & Expo, Foodservice Distributor/Logistics Provider of the Year. Get notified about new Delivery Driver jobs in Augusta, GA. Visit the Career Advice Hub to see tips on interviewing and resume writing. Previously, she worked as an editorial assistant for Insider Magazine and worked as a contributing features writer for her college newspaper, the Indiana Daily Student. Our Services. The conference call can be accessed live over the phone by dialing About UsFoods For the same reasons, the Company is unable to address the significance of the unavailable information, which could be material to future results. Supplemental disclosures of cash flow information: Property and equipment purchases included in accounts payable, Property and equipment transferred to assets held for sale, Leased assets obtained in exchange for financing lease liabilities, Leased assets obtained in exchange for operating lease liabilities, Paid-in-kind Series A convertible preferred stock dividends, Net income (loss) available to common shareholders (GAAP), COVID-19 product donations and inventory adjustments (5), Business acquisition and integration related costs and other (7), Weighted-average diluted shares outstanding (Non- GAAP) (11). "You will not find anybody else that will treat you any better", "I always feel like I am their number one customer", "Only family owned business that understands that family owned restaurant.". announced separately today. acquisition of SGAs Food Group of Companies, are forwardlooking markets in the attractive and growing Northwest region of the U.S. and Copyright 2023. The call can also be accessed live over the phone by dialing (844) 292-0976; the conference ID number is 5561796. employees. {{ userProfileData.lastSelectedLocation | truncateLast }}, {{ userProfileData.lastSelectedLocation | truncateMobileLast }}, Limit the Use of My Sensitive Personal Information, Do Not Sell or Share My Personal Information. Net sales increased 28.8% to $29.5 billion. View source version on businesswire.com: In doing so, US Foods generates 13 million-plus kilowatt hours (kWh) of electricity annually. The increase in case volume was primarily the result of restaurant traffic from lifting governmental in-person dining restrictions and increased leisure and business travel throughout the year. Place an Order Locations. To date, US Foods partners with 250,000 customers, including independently owned single and multi-unit restaurants, restaurant concepts and chains, hospitals, nursing homes, hotels/motels, country clubs, government and military organizations, colleges/universities and retail locations nationwide to provide approximately 400,000 fresh, frozen and dry foods and non-food items. Shamrock Orders. Prior to this role, Steve served as the company's Chief Merchandising Officer, overseeing category management, procurement, and product innovation on behalf of the company. The presentation slides reviewed during the webcast will be available We believe that Adjusted Net income (loss) may be used by investors, analysts, and other interested parties to facilitate period-over-period comparisons and provides additional clarity as to how factors and trends impact our operating performance. The forward-looking statements What does that mean? The webcast, slides, and a copy of this press release can be found in the Investor Relations section of our website at https://ir.usfoods.com. Owner Anna Yau will speak about the benefits of healthy foods and offer juice samples for our members. Some web site features may not function as expected with your current browser version. Net cash provided by operating activities for fiscal 2021 was $419 million, an increase of $6 million from the prior year as working capital requirements increased in line with the recovery of sales volumes in 2021. Includes: (i) aggregate acquisition and integration related costs of $22 million and $45 million for the and the 52 weeks ended January 1, 2022 and the 53 weeks ended January 2, 2021, respectively; (ii) favorable legal settlement recoveries of $29 million for the 52 weeks ended January 1, 2022; and (iii) other gains, losses or costs that we are permitted to addback for purposes of calculating Adjusted EBITDA under certain agreements governing our indebtedness. You can also count on us to deliver ideas, inspiration, partnership, expertise and a can-do attitude. Were looking for driven individuals who relish the chance to push their potential, grow and reap the rewards of joining the US Foods family. Firstly, it's important to differentiate between short-term and chronic long-term stress. Markets is acting as its debt capital markets advisor. PLEASE APPLY DIRECTLY THROUGH OUR INTERNAL WORKDAY CAREER SITE. Fast forward to today, and the $24 billion company is the second largest foodservice distributor in the nation. Because of their aggressive feeding habits, make sure th Featured Products The chemicals used in the growing, processing, and packaging of food have become an issue of increasing concern among people worldwide since artificial chemicals are known to have a wide range of negative effects on human health. In addition to his corporate work, jt has spent much of his personal time working with several non-profits that forward diversity and inclusion causes, including giving testimony in the Florida legislature. fiscal 2020. US Foods is guided by strong, decisive leaders dedicated to the core values of customer success, integrity, innovation and teamwork and who share a passion for all things food. They naturally live under shady overhangs in slow moving water, so make sure you provide them with plenty of driftwood and aquatic plants to hide under. e-commerce experience across all of your devices. expects to reduce net leverage to approximately 3.0x by the end of Today, the portfolio includes more than 350 sustainable food and non-food items with another 500 seafood products currently undergoing the companys Progress Check program, which recognizes seafood products that are on the way to meeting US Foods Serve Good program sustainability standards. US Foods is one of Americas great food companies and a leading Total organic case volume increased 14.8%; independent restaurant organic case volume increased 25.1%. We use Net Debt as a supplemental measure to GAAP measures to review the liquidity of our operations. Registering to the FMCSA Clearinghouse is a requirement by the Department of Transportation. acquisition may not be satisfied in a timely manner, (4) failure to Sara.Matheu@usfoods.com, Updated as of 10:21AM ET: US Foods Reports Fourth Quarter and Fiscal Year 2021 Earnings, https://www.businesswire.com/news/home/20220216006316/en/. Ghost Kitchens. Roughly 99% of your body's total magnesium content is stored in your bones and muscles, which can become depleted slowly as we age. Share-based compensation expense for expected vesting of stock awards and employee stock purchase plan. Go back to the previous page or go to USFoods.com, Quick Links: {{ userProfileData.lastSelectedLocation | truncateLast }}, {{ userProfileData.lastSelectedLocation | truncateMobileLast }}, Limit the Use of My Sensitive Personal Information, Do Not Sell or Share My Personal Information. He joined US Foods in 2018, serving as the companys Associate General Counsel Litigation and Employment and has a track record of building high-performing teams and delivering with excellence. Easy Food Service Ordering. The chemicals used in the growing, processing, and packaging of food have become an issue of increasing concern among people worldwide since artificial chemicals are known to have a wide range of negative effects on human health. Some features may be unavailable during system maintenance on Thursday and Saturday evenings. Order online wholesale food distributor Ontario contained in this press release speak only as of the date of this Thats no small task. US Foods also installed solar arrays on six of its distribution centers, including an 8.4-megawatt solar installation in Perth Amboy, N.J., what is said to be the largest solar array in the state. Become a Customer ; Supporting Your Growth and Success. Click the link in the email we sent to to verify your email address and activate your job alert. Adjusted Operating expenses as a percent of Net sales were 12.8%. read. Some features may be unavailable during system maintenance on Thursday and Saturday evenings. We serve over 43,000 customer locations with 200,000 different products. We caution readers that our definitions of Adjusted Gross profit, Adjusted Operating expenses, EBITDA, Adjusted EBITDA, Net Debt, Adjusted Net income (loss) and Adjusted Diluted EPS may not be calculated in the same manner as similar measures used by other companies. Our Delivery Drivers make $$1,824.45 weekly! announcement of the acquisition on the ability of SGAs Food Group of Largest independently-owned and operated . Dirk Locascio is Chief Financial Officer of US Foods, a role he has served in since February 2017. Includes: (i) aggregate acquisition and integration related costs of $6 million and $2 million the 13 weeks ended January 1, 2022 and the 14 weeks ended January 2, 2021, respectively; (ii) favorable legal settlement recovery of $16 million for the 13 weeks ended January 1, 2022; and (iii) other gains, losses or costs that we are permitted to addback for purposes of calculating Adjusted EBITDA under certain agreements governing our indebtedness. You want to feed people. Italian pizza has a unique taste and style that enthusiasts worldwide highly revere. Napier, 847-720-2767Melissa.Napier@usfoods.comorMEDIA:Sara Adjusting your diet and supplement regiment can help you restore levels of magnesium, promoting mineral sufficiency, and supporting bone health. Mobile Assistance At Your Fingertips. Thats because inventory management is a natural complement to e-commerce, and US Foods mobile inventory is designed to work wherever customers are, even if theyre offline. Our Delivery Drivers make $$1,824.45 weekly! Before his nearly 20-year tenure with Tech Data, Tonnison was the Vice President and Chief Technology Officer for Technology Solutions Network. He previously served on the Executive Committee of the Board of Directors of the Northern Illinois Food Bank. The City of Mississauga will be hosting the 2023 World Rowing Indoor Championships later this month. Our team of restaurant experts will . For optimal web site experience, please upgrade to a newer browser version. One of our company strategies is to become the Best in Food Service and that starts with one great customer experience at a time. Sun., Feb. 19, 2023 timer 1 min. Operating expenses of $4.2 billion increased $435 million, or 11.5% from the prior year. Just last year, US Foods launched its Unpronounceable List initiative, which is aimed at producing products with simple, more recognizable ingredients. The transaction Companies to retain customers, retain and hire key personnel, and Please select one option field is required. Youre working with constantly-evolving consumer tastes, strict regulations, and constricting supply chains. Accounts receivable, less allowances of $33 and $67, Vendor receivables, less allowances of $7 and $5, LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY, Accrued expenses and other current liabilities, Total liabilities, mezzanine equity and shareholders' equity, ($ in millions, except share and per share data), Distribution, selling and administrative costs, Restructuring costs and asset impairment charges, Series A convertible preferred stock dividends, Net income (loss) available to common shareholders, Weighted-average common shares outstanding. Our nationwide network of Gordon Food Service stores are available for all our customers. Income available to common shareholders was $ 121 million Committee of the Board of Directors the! 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